G.Sokolis Posts Archives

Crude Crumbles

Sokolis Group December 2, 2014

The old expression, “What goes up must come down” is happening again with crude oil. Over the past several months, we have seen a barrel of crude oil go from $107 back in June 2014 to under $65 earlier this week. And, it doesn’t look like the price of crude oil will be rebounding much higher anytime soon. Fuel purchasers should all be benefiting since the price of crude oil has a direct impact on gas and diesel fuel prices.

Fuel Cards in a “Cloud”

Sokolis Group August 21, 2012

Well not all fuel cards will be in a “cloud” and “cloud” might be a little bit off but it’s close. Comdata has come out with a fuel card that you don’t even need a card to get the diesel fuel. The card-less transactions use an RFID tag to automate the fueling process, which should decrease the amount of time drivers spend at the fleet fueling island. More important this should reduce the risk of fraudulent transactions by shutting off

Diesel Fuel Prices Will Go Lower Still

Sokolis Group July 9, 2012

I spent an hour on the phone last week with one of the industry’s top futures specialist from a leading firm. Since we have clients that do work with them and I have known her for 15 years we talked about the oil market at length. Her view based upon their charts and continued Eurozone economic issues is that the market had support to go below $74.95 in the next coming weeks.

Diesel Fuel Prices Are Falling, But Why?

Sokolis Group May 18, 2011

It’s really hard to believe that diesel fuel prices and gas prices are falling, especially if your local gas station hasn’t lowered prices yet. Ok, I realize that MOST of us have not seen the lower fleet fueling prices at the pump yet. This is basically because most retail locations are taking their time lowering their prices—and your fueling costs. But yesterday, in the fairly small town where I live, the price for gas at a low-cost retail station was

Are Diesel Fuel Prices Going Up?

Sokolis Group April 5, 2011

It’s easy to take a seat on the sidelines and believe all of the things you read in the headlines about diesel fuel prices and gas prices going even higher. Of course those kinds of stories make news and help ratings. So, to answer the question in my own headline, ‘Are diesel fuel prices going up?’ – you betcha.

Diesel Fuel Prices Go Down, But Don’t Get Hopes Up

Sokolis Group March 22, 2011

Yes, the DOE national weekly average for diesel fuel prices went down for the first time since November 2011. But don’t get too excited about your fuel management budget because they only went down $.001. That combined with a continued increase in gas prices does not look good for your tanks. Certainly your fleet fueling program will continue to feel pressure.

Who needs a pot of gold when you have a great fleet fuel management program?

Sokolis Group March 17, 2011

Although, I think we could all use a little luck o’the Irish this St. Patrick’s Day. And, who wouldn’t like to find a pot of gold at the end of the rainbow, or at least some extra “green” added to their corporate bottom line? This is especially true for those of us working hard in the fleet fuel management industry. We may be feeling green today, but not as it relates to Ireland and shamrocks. We are just sick. Sick

Perseverance in Fleet Fuel Management

Sokolis Group March 7, 2011

Headlines everywhere screaming gloom and doom; uncertainty in the Middle East, shaky stock market, oil prices up again week after week after week. And to pour salt on our wounds, the EIA (U.S. Energy Information Administration) reported the second largest one-week increase in gasoline prices in past 20 years! This hurts the general public, but is especially painful to those of us in the fleet fuel management industry. People feel stuck, helpless. In the midst of all the bad news

You Don’t Need a Cape to Be A Superhero in Fleet Management

Sokolis Group February 17, 2011

Are you a fleet manager or fuel manager? Are you the president or CFO of a fleet company concerned about your company’s bottom line, again? Are you tired of sitting on the edge of your seat, sweating, worrying and waiting for the Department of Energy to report that diesel fuel prices are up per gallon for the nth week in a row? Accept the inevitable; diesel’s national average price will be what it will be. You can’t control it. It’s

Diesel Fuel Prices Up for 10th Straight Increase — Ouch!

Sokolis Group February 14, 2011

The Department of Energy (DOE) just released diesel fuel pricing data that has diesel fuel prices rising for the 10th straight week jumping 7.5 cents to $3.513. It’s the largest increase since December 6, 2010 early in this rise of fleet fueling prices for trucking. This increase puts the diesel fuel price 74.4 cents higher than this same time last year. Is there any good news in the fuel management world or is everything glum? Well, some good news is

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